Market Monday Outlook
Sometimes keeping it simple is best. If any Trader is wondering where the overall markets are going next, they need only open the weekly ES to see this strong up trend. The 21 EMA continues to hold as support. I believe we will continue to rally. Of course, with the government shut down, there may be some downward pressure short term, but my assumption for the overall market is long.
This overall market assumption will serve as the back drop for my individual options trades this week.
Sometimes keeping it simple is best. If any Trader is wondering where the overall markets are going next, they need only open the weekly ES to see this strong up trend. The 21 EMA continues to hold as support. I believe we will continue to rally. Of course, with the government shut down, there may be some downward pressure short term, but my assumption for the overall market is long.
This overall market assumption will serve as the back drop for my individual options trades this week.